A drone view of a steel plant under construction by Tosyali Sulb Steel Industries, a joint venture between Turkey’s Tosyali Holding and Libya’s United Steel Company for Iron and Steel Industry (SULB), in Benghazi, Libya, Sept. 9, 2026. (Credit: Ayman al-Werfali/Reuters)
While Tripoli remains Libya's administrative and financial heart, Benghazi is increasingly cementing its role as a base for investment. A $2.5 billion Turkish-Libyan steel complex, French industrial delegations, Egyptian companies targeting African markets: The city is positioning itself as more than a Khalifa Haftar stronghold in Libya, emerging as an investment hub in a country still divided between two rival centers of power. From our archives In Libya, Turkey is playing both sides more than ever “This has actually been happening for more than seven years,” said Jason Pack, president of Libya-Analysis and author of “Libya and the Global Enduring Disorder.” Even before Khalifa Haftar’s 2019 offensive on Tripoli, authorities in the east relied on institutions such as the Military Investment Authority to attract foreign...
While Tripoli remains Libya's administrative and financial heart, Benghazi is increasingly cementing its role as a base for investment. A $2.5 billion Turkish-Libyan steel complex, French industrial delegations, Egyptian companies targeting African markets: The city is positioning itself as more than a Khalifa Haftar stronghold in Libya, emerging as an investment hub in a country still divided between two rival centers of power. From our archives In Libya, Turkey is playing both sides more than ever “This has actually been happening for more than seven years,” said Jason Pack, president of Libya-Analysis and author of “Libya and the Global Enduring Disorder.” Even before Khalifa Haftar’s 2019 offensive on Tripoli, authorities in the east relied on institutions such as the Military Investment Authority to attract...
